RBI Feb 12 circular quashed. All eyes now on monetary policy3 min read 03 Apr 2019, 01:11 AM IST
RBI acted beyond its powers in issuing the 12 February circular, says Supreme Court while declaring it ultra vires
RBI does not have the authority to issue general directive regarding bankruptcy cases, says Supreme Court
Mumbai/New Delhi: The Supreme Court on Tuesday quashed RBI's 12 February circular that had set strict norms for bad loan resolution, easing the concerns of some debt-laden companies and upending India’s fledgling bankruptcy process.
Select your Category